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Dec 30, 2012
12/12
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from going over the fiscal cliff. with time running out, we've learned of a major setback between republican and democratic lawmakers. we want to bring in candy crowley in washington, anchor of "the state of the union." i know you had a busy morning, talking to eight lawmakers and they couldn't agree onning they, could they? >> they couldn't. we had one panel, two republicans, two democrats from both the house and the senate. and even to get them to talk about whether something was going to pass or not, produced a sort of policy dispute on who had offered spending cuts, who hadn't offered spending cuts. you know, who should pay more in their tax rate, et cetera, et cetera. so it was a pretty good indication of why they haven't been able to get a deal so far. i have to tell you this was prior to the latest setback as it's being called. there was some optimism. saying most people will keep their tax rates, they shouldn't worry about it. what there was a difference of opinion on, was weather that would happen before the
from going over the fiscal cliff. with time running out, we've learned of a major setback between republican and democratic lawmakers. we want to bring in candy crowley in washington, anchor of "the state of the union." i know you had a busy morning, talking to eight lawmakers and they couldn't agree onning they, could they? >> they couldn't. we had one panel, two republicans, two democrats from both the house and the senate. and even to get them to talk about whether something...
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Dec 28, 2012
12/12
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WETA
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that is a fiscal cliff area. >> closed american bond fundsaee leveraged and we think the dividends are going to be cut and there is a risk we would just avoid them. >> do you own any of theserecom? >> for our discretionaryaccounte closed end accounts and the herzfeld caribbean accounts olds all of the those we spoke of. >> susie: thank you very much tom. or our market monitor tomorrow herzfeld. coming up on monday on "n.b.r." we'll be monitoring those fiscal cliff negotiations, and we'll have news and analysis. we'll also a look back at the year in stocks, and s&p's sam stovall joins us to pre-view what's next for the markets in the year ahead. it could be one of the biggest trends in business next year: companies setting aside time for their employees to play. ruben ramirez explains. >> reporter: it may be hard to remember those hot summer days on the playground. the freedom to let your mind wander. how times have changed. as companies slashed jobs during the great recession worker productivity surged, today, many people are doing the job multiple people once did. >> i think our cultu
that is a fiscal cliff area. >> closed american bond fundsaee leveraged and we think the dividends are going to be cut and there is a risk we would just avoid them. >> do you own any of theserecom? >> for our discretionaryaccounte closed end accounts and the herzfeld caribbean accounts olds all of the those we spoke of. >> susie: thank you very much tom. or our market monitor tomorrow herzfeld. coming up on monday on "n.b.r." we'll be monitoring those fiscal...
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Dec 29, 2012
12/12
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WJZ
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that is a fiscal cliff area. >> closed american bond fundsare over value yelded and they are leveraged and we think the dividends are going to be cut and there is a risk we would just avoid them. >> do you own any of theserecommendations? >> for our discretionaryaccounts we own all of the closed end accounts and the herzfeld caribbean accounts olds all of the those we spoke of. >> susie: thank you very much tom. or our market monitor tomorrow herzfeld. coming up on monday on "n.b.r." we'll be monitoring those fiscal cliff negotiations, and we'll have news and analysis. we'll also a look back at the year in stocks, and s&p's sam stovall joins us to pre-view what's next for the markets in the year ahead. it could be one of the biggest trends in business next year: companies setting aside time for their employees to play. ruben ramirez explains. >> reporter: it may be hard to remember those hot summer days on the playground. the freedom to let your mind wander. how times have changed. as companies slashed jobs during the great recession worker productivity surged, today, many people are d
that is a fiscal cliff area. >> closed american bond fundsare over value yelded and they are leveraged and we think the dividends are going to be cut and there is a risk we would just avoid them. >> do you own any of theserecommendations? >> for our discretionaryaccounts we own all of the closed end accounts and the herzfeld caribbean accounts olds all of the those we spoke of. >> susie: thank you very much tom. or our market monitor tomorrow herzfeld. coming up on...
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Dec 1, 2012
12/12
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solving the fiscal cliff in a manner that addresses the true drivers of our debt and saves american jobs is a great way for the president to start his second term. and for the good of our country, and my colleagues, we're ready to work with the president to achieve those goals. >> mr. speaker, couple things. first, on the issue of tax rates, are you willing to accept no deal that includes some increase in those top tax rates? and i'm also wondering what our final deadline is on this? when do we really have to have a deal? >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, but revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together, and to resolve this. and frankly, sooner is better than later. >> you've been doing this for a long time. the past 24
solving the fiscal cliff in a manner that addresses the true drivers of our debt and saves american jobs is a great way for the president to start his second term. and for the good of our country, and my colleagues, we're ready to work with the president to achieve those goals. >> mr. speaker, couple things. first, on the issue of tax rates, are you willing to accept no deal that includes some increase in those top tax rates? and i'm also wondering what our final deadline is on this? when...
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Dec 31, 2012
12/12
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the last day to avert the fiscal cliff before americans plunge head long into smaller paychecks. the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year. midnight arrived in asia. they are calling it a pyre tech nick musical. they were scheduled to begin an hour before midnight. hong kong on the top ten places to ring in the new year. let's listen. ♪ ♪ ♪ ♪ >>> ring in the new year, good morning 2013. we'll continue to monitor all of these celebrations as the day rolls on. the night rolls on in some cases. midnight in the u.s. is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's
the last day to avert the fiscal cliff before americans plunge head long into smaller paychecks. the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a...
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Dec 31, 2012
12/12
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people hours before we plunge off the fiscal cliff. with no plan and no apparent hope. but here we are ande have got to do something. if we're as determined to go over the cliff as we seem, we've got to do something to soften theanding because at the bottom of the fiscal cliff, our our -- are immediate and massive tax increases, deep and indiscriminate spending cuts and the risk of another recession. so as we come down on the final hours, we have two choices -- to do nothing and cause an unbelievable amount of hardship for our fellow americans or to do something to reduce the suffering inflicted on our citizens by an inflexible political system. mr. president, i choose to do mething, so today i'm introducing the calm act which stands for the cliff alleviation at the last minute act. the calm act will do three important things. it will soften the financial blow of the fiscal cliff. it will calm our financial markets. it gives us the certainty of a plan now but allows us if we ever find the courage to pursue the fiscal grand barga that h
people hours before we plunge off the fiscal cliff. with no plan and no apparent hope. but here we are ande have got to do something. if we're as determined to go over the cliff as we seem, we've got to do something to soften theanding because at the bottom of the fiscal cliff, our our -- are immediate and massive tax increases, deep and indiscriminate spending cuts and the risk of another recession. so as we come down on the final hours, we have two choices -- to do nothing and cause an...
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Dec 16, 2012
12/12
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van holler said he was concerned speaker boehner may be stalling on the fiscal cliff negotiations. he made the comments at an event hosted by the christian science monitor. this is about 45 minutes. >> listen, i'm going be really brief in my opening remark. i think the president and the democrats have two objects as we approach the fiscal cliff. number one, we're trying to accelerate what remains a fragile economy. number two, come up with a balanced approach to long-term deficit reduction. we have to deal with the long- term deficit reduction for a long-term economic growth. a balanced plan means a mix of cuts in revenue. we already agreed to over a trillion dollars in cuts but on top of that, the president proposed additional cuts along with high-income individuals. his plan has been out there, it's on the internet. i know people are asking for specifics, but the reality it is there. in fact, when i made my remark i held up a copy of his plan to remind people it is not that the president doesn't have a plan, it's that our republican colleagues may not like it but it is there. so
van holler said he was concerned speaker boehner may be stalling on the fiscal cliff negotiations. he made the comments at an event hosted by the christian science monitor. this is about 45 minutes. >> listen, i'm going be really brief in my opening remark. i think the president and the democrats have two objects as we approach the fiscal cliff. number one, we're trying to accelerate what remains a fragile economy. number two, come up with a balanced approach to long-term deficit...
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Dec 16, 2012
12/12
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i think it is important that weo kind of take a step back and remember what the fiscal cliffo is all about. it is when the tax rate -- across the board, our current tax code expires. if congress does not take action, it would be a $3.5 trillion tax increase oned american people. it would impact nearly everyone. it would cost us two million jobs, a double-dip recession, and in addition to that, we also have sequestration, which is looming. the across-the-board cuts would be a million jobs lost in the defense industry. there is a lot on our plate right now, and i think --yes? >> do you think any progress has been made out of those meetings? i think the speaker and the president have tried to have a frank discussion but did not disclose any tangible progress made. do you have any reason to believe there has been progress? >> i haven't heard the details. in what the speaker has told me, he has been disappointed that the president seems to be heading in the opposite direction as far as continuing to call for higher taxes than ever, a doubling of the taxes that he talked about when he was
i think it is important that weo kind of take a step back and remember what the fiscal cliffo is all about. it is when the tax rate -- across the board, our current tax code expires. if congress does not take action, it would be a $3.5 trillion tax increase oned american people. it would impact nearly everyone. it would cost us two million jobs, a double-dip recession, and in addition to that, we also have sequestration, which is looming. the across-the-board cuts would be a million jobs lost...
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Dec 30, 2012
12/12
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the true fact is that they really do want to build a fiscal cliff. they want this revenue is. gerri: to that point, americans will see the impact of this beginning with the first paycheck in january. because social security payroll tax will go back up. we will see the changes coming on immediately. the average american family will pay $3500 each and every year in taxes. that is the pele in the middle class. tyler, quickly to you. you know, do you think that republicans arwhen the case here? you think of the senate, that they would be able to come up with a comomise? >> going over the cliff is the best scenario for republicans. it's not the best scenario for the country. at least if we go over the cliff, anything they agree to look for tax cuts. and i think that could be the scenario that we are looking for. everything that has been done for the past several weeks has been smoke and mirrors anyway. so you know, this is just another day of the same things. and i think you're right. the normal person, the people who look at their paycheck, every week, every two weeks, every month
the true fact is that they really do want to build a fiscal cliff. they want this revenue is. gerri: to that point, americans will see the impact of this beginning with the first paycheck in january. because social security payroll tax will go back up. we will see the changes coming on immediately. the average american family will pay $3500 each and every year in taxes. that is the pele in the middle class. tyler, quickly to you. you know, do you think that republicans arwhen the case here? you...
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Dec 31, 2012
12/12
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we are of the fiscal cliff. tonight we will all begin the larger set of tax increases in american history. that is new year's to you from our elected officials. did i also mentioned you are getting a pay raise in the new year as well. all this could have been avoided if congress got its act together, but the doomsday option hit and the president set in motion. there is a chance of some sort of deal, but we have to wait until the new year. let's go directly to washington senior washington correspondent, peter barnes, with details of negotiations. >> reporter: still some pieces being negotiated tonight, particularly on the sequestration, those automatic spending cuts that are supposed to take effect on january 2nd. about $100 billion. about half of that on the past -- defense department. still trying to work through the details of some democratic and republican side. it's unclear if there will actually get to a vote in the senate on that tonight, but they could if they work something out. otherwise we have the fra
we are of the fiscal cliff. tonight we will all begin the larger set of tax increases in american history. that is new year's to you from our elected officials. did i also mentioned you are getting a pay raise in the new year as well. all this could have been avoided if congress got its act together, but the doomsday option hit and the president set in motion. there is a chance of some sort of deal, but we have to wait until the new year. let's go directly to washington senior washington...
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Dec 31, 2012
12/12
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WBAL
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[no audio] >> just hours away from possibly going over the fiscal cliff. if without a deal before midnight, americans will be ringing in this new year with tax hikes and spending cuts. this could kick the economy back into a recession. both chambers convened in a rare sunday session but came up empty. all a great tax rates should be preserved for the middle class. >> taxes on middle class families do not go up. >> in the deal must force wealthier americans to pay more. republicans say that will do nothing to curb the mounting debt. ernie to joe biden to break the stalemate. >> we are running at a time. there is too much at stake. >> workers may see less and there paycheck if there is no agreement. government contractors might be forced to lay off employees. businesses could lose tax breaks. many americans are still hoping for an 11th hour compromise. >> i would hope they could work together and realize that this is affecting everyone. >> both chambers will reconvene later this morning, at which point there will be 12 hours left until the deadline. >> what
[no audio] >> just hours away from possibly going over the fiscal cliff. if without a deal before midnight, americans will be ringing in this new year with tax hikes and spending cuts. this could kick the economy back into a recession. both chambers convened in a rare sunday session but came up empty. all a great tax rates should be preserved for the middle class. >> taxes on middle class families do not go up. >> in the deal must force wealthier americans to pay more....
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Dec 29, 2012
12/12
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. >> this whole metaphor we've been using about a fiscal cliff probably isn't the right one to be used. after all, if you go over a cliff, you usually don't get to live to tell about it unless you're batman or spider-man, but there are things that actually would happen right away and one of those things that would be right away in a negative impact would be unemployment benefits and 2 million americans would see the unemployment benefits and that would hurt the economy and that would hurt these people that are relying on this and the unemployment insurance has been seen as economic stimulus to get hands into the money of people who need it and they were things that actually get spread over the course of 2013 if there is no fix that is actually done and it is possible for congress to go back and fix things and talking about the increase of tax rates and there will also be spending cuts to government programs as well as the military and that will be spread over with 2013 and the world doesn't come to an end if we go over this quote, unquote, fiscal cliff and instead, a lot of the damage
. >> this whole metaphor we've been using about a fiscal cliff probably isn't the right one to be used. after all, if you go over a cliff, you usually don't get to live to tell about it unless you're batman or spider-man, but there are things that actually would happen right away and one of those things that would be right away in a negative impact would be unemployment benefits and 2 million americans would see the unemployment benefits and that would hurt the economy and that would hurt...
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Dec 28, 2012
12/12
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WUSA
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the fiscal cliff and a weather sam, pretty powerful one heading our way. erica joins us. >> it could bring us our biggest snowfall so far this '84 and that would be a big deal. let's take a look new at satellite and radar. you can see that wintry weather approaching. there's a little bit of snow in basically the great lakes region and then rain approaching from kentucky, moving toward west virginia. that rain will change over to snow and a wintry mix. that's why a winter weather advisory is in effect from 3:00 a.m. tomorrow until 6:00 p.m. tomorrow, and for tall counties highlighted in blue, and it looks like we could see an accumulation not only in those counties but also a little bit further south of that. that's what i'm expecting for this winter storm. snow with wintry mix arriving early in the morning with accumulations in the district and points north and west. a wintry mix with rain south and east of d.c. the precipitation moves out as we head into the afternoon and early eveninon saturday, but not after dumping about a coating in the district and e
the fiscal cliff and a weather sam, pretty powerful one heading our way. erica joins us. >> it could bring us our biggest snowfall so far this '84 and that would be a big deal. let's take a look new at satellite and radar. you can see that wintry weather approaching. there's a little bit of snow in basically the great lakes region and then rain approaching from kentucky, moving toward west virginia. that rain will change over to snow and a wintry mix. that's why a winter weather advisory...
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Dec 29, 2012
12/12
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so the first three months of the year you have fiscal cliff, debt limit, and appropriations laps all staring the american people in the face. i get it that people are sick of this combat at the same time it is because we ave such an nasa's spending problem is the reason why these things are occurring the way they are. tom: you heard the president come out and talk to the white house press corps. he talked about maintain a middle-class tax cuts. he did not define what that is. maybe it to 50 might be 40500. extend unemployment benefits and the spending cuts will get to those letters. >> here is what is so ironic, the same democrats in 2001 and three railed against the bush tax cuts. now see some salvation in them because they are what is propping up the economy right now. beyond the ironic part of this, look, not only do you have that tax policy expiring and the sequestration pending on january 2nd, but we have also got a lot of taxes kicking in january 1st which will pack a mighty big wallop. this is the perfect trifecta of bad things happening to the economy all at once. no one is t
so the first three months of the year you have fiscal cliff, debt limit, and appropriations laps all staring the american people in the face. i get it that people are sick of this combat at the same time it is because we ave such an nasa's spending problem is the reason why these things are occurring the way they are. tom: you heard the president come out and talk to the white house press corps. he talked about maintain a middle-class tax cuts. he did not define what that is. maybe it to 50...
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Dec 6, 2012
12/12
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here's the democratic and republican opening bids on the fiscal cliff. but the revenue side of the republican proposal just doesn't match up with reality. you can't get $800 billion in revenue from lowering rates and closing loopholes and deductions. can we get on that page? it doesn't come close to adding up, unless you get rid of just about every deduction for the middle class that's out there. is that what this election was about? president obama has been clear about it all along. >> unfortunately, the speaker's proposal right now is still out of balance. you know, he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. and when you look at the math, it doesn't work. >> you see, if we lower these rates, then the job creators will go out there end and all this money to hire a bunch of people, and that's going to contribute more to the tax base. and gosh, we're just going to take care of all of our problems. we have tried this stuff, and it didn't work. when leaders mcconnell and boehner feed the
here's the democratic and republican opening bids on the fiscal cliff. but the revenue side of the republican proposal just doesn't match up with reality. you can't get $800 billion in revenue from lowering rates and closing loopholes and deductions. can we get on that page? it doesn't come close to adding up, unless you get rid of just about every deduction for the middle class that's out there. is that what this election was about? president obama has been clear about it all along. >>...
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Nov 28, 2012
11/12
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are we doing our job in this matters to a lot of american people. >> yeah. >> and they designed the fiscal cliff to be this point that -- pivot point where people would negotiate up to it. i think what's interesting here, you know, there's an outside gain in politics and an inside gain. now you've got the president going out, playing the outside game, trying to bring pressure outside in, when this is going tto be settled inside. one by one, working with members of congress. if you've seen the movie "lincoln," that's exactly what he does in the new spielberg movie, he has to work in the real world of politics. >> greta: what does president obama gain by being out of town, what do the republicans gain for being out of town, when they need to be sitting around the table, number one? even jay carney says they'll meet, quote, at the appropriate time," which i thought was rather offensive, whatever that means. >> the republican thing is me to-i mean. >> greta: you too, care? >> there's no single leader of the republican party, no way they can match the effect that the president will get. the thi
are we doing our job in this matters to a lot of american people. >> yeah. >> and they designed the fiscal cliff to be this point that -- pivot point where people would negotiate up to it. i think what's interesting here, you know, there's an outside gain in politics and an inside gain. now you've got the president going out, playing the outside game, trying to bring pressure outside in, when this is going tto be settled inside. one by one, working with members of congress. if...
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Dec 29, 2012
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. >> next, we will continue looking at the fiscal cliff negotiations and how americans would be affected if congress and the white house don't reach a deal. our guest is joseph rosenberg with the tax policy center, followed by a discussion on
. >> next, we will continue looking at the fiscal cliff negotiations and how americans would be affected if congress and the white house don't reach a deal. our guest is joseph rosenberg with the tax policy center, followed by a discussion on
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Dec 30, 2012
12/12
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avoid the fiscal cliff. president obama spoke exclusively to nbc's david gregory. we are going to get a preview of what he has to say just ahead. >> it has been just two weeks since the tragedy of sandy hook elementary in connecticut. a teenager in california wrote a poem to express her feelings saying she understood how it could happen and it got her suspended from school. we'll get her reaction coming up >>> we'll also hear from the 29-year-old surfer that used his fists and his board to save his life when a shark kept coming at him again and again. >> scary story. >>> later on, we'll switch gears and look back at the year in pop culture, from the rise of honey boo boo to the unlikely bop lairity of that catchy tune, gang ham style. >> slightly popular, wasn't it? >>> we begin with the race in washington to fist fiscal cliff deadline including a preview of david gr david gregory's exclusive interview. we begin with kristen welker. >> the house is back in session and they could announce a deal as early as t
avoid the fiscal cliff. president obama spoke exclusively to nbc's david gregory. we are going to get a preview of what he has to say just ahead. >> it has been just two weeks since the tragedy of sandy hook elementary in connecticut. a teenager in california wrote a poem to express her feelings saying she understood how it could happen and it got her suspended from school. we'll get her reaction coming up >>> we'll also hear from the 29-year-old surfer that used his fists and...
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Oct 2, 2012
10/12
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clock is ticking down for fiscal cliff. >> north american households pay $3,500 more in taxes if endress does not act by the of the year. automatic budget cuts and tax .ncreases will go into effect but it will 1 happen until election. tonight, breast cancer awareness means youderway which the color lot more of pink around. >> pamela brown has the story. pink,ough the power of georgetown university spending less critics sending a strong message. every -- these are sending a strong message. grandma have it, it scary knowing it is a possibility. but she is not alone. their passion stems from pain. >> for many of the girls out tonight, seeing in the white house right across the in pink gives them hope. that myves me hope ones, maybe someday no one will. >> the breast cancer protection require insurance ampany to uncover -- to cover limited hospital stays for patients undergoing mastectomies. celebration at a post office. you can see the dedication of earthquakes stamps. it shows our planet from above with pictures taken from ultralightand aircraft. >> they are beautiful stamps. there were a
clock is ticking down for fiscal cliff. >> north american households pay $3,500 more in taxes if endress does not act by the of the year. automatic budget cuts and tax .ncreases will go into effect but it will 1 happen until election. tonight, breast cancer awareness means youderway which the color lot more of pink around. >> pamela brown has the story. pink,ough the power of georgetown university spending less critics sending a strong message. every -- these are sending a strong...
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Dec 31, 2012
12/12
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of talking about the catastrophic consequences of going over the fiscal cliff, you see people now at the white house, on the hill, in both parties talking about it as a slope, not a cliff. that there will be a deal early in the new year if not one by new year's eve. so i think clearly both sides think it is now likely that we'll go over the cliff and that they want to argue it's not so catastrophic. in fact, as you say, especially for a liberal democrats they see some advantages to going over the cliff, blaming republicans and starting with kind of hitting the reset button when it comes to this debate. >> well, you had apparently democrats giving in on the estate tax. yesterday we saw that the republicans withdrew their demands on social security but now you have i mean what is arguably a much more difficult negotiation which is over concessions on the sequester. you know, if this doesn't get done is that what the holdup is going to be? or is it just going to be a whole myriad of things? >> i think it would be a myriad of things but certainly a sequester is a concern for members of b
of talking about the catastrophic consequences of going over the fiscal cliff, you see people now at the white house, on the hill, in both parties talking about it as a slope, not a cliff. that there will be a deal early in the new year if not one by new year's eve. so i think clearly both sides think it is now likely that we'll go over the cliff and that they want to argue it's not so catastrophic. in fact, as you say, especially for a liberal democrats they see some advantages to going over...
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Dec 8, 2012
12/12
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. >>> coming up, the fight over the fiscal cliff is putting american jobs at risk. one of these congressional members is lying about the problem. we'll use the newest job numbers to get to the truth next. >>> and republicans in michigan are ramming through antiunion legislation and hurting middle class americans in the process. the people of michigan are outraged. we're talking to lansing, michigan mayor virg bernero. stay tuned. we'll be right back. >>> welcome back to "the ed >>> welcome back to "the ed show." we told you at the top of the show republicans are dragging their feet to get a tax cut deal with the american people. those republican delays are putting our economic recovery, i think, in some serious neighborhood, dangerous, very dangerous. the good news, though, the latest employment numbers came out this morning. the economy added 146,000 jobs in the month of november. the unemployment rate hit a four-year low. it inched down to 7.7%. here's the bad news. america lost another 7,000 manufacturing jobs last month. overall these job numbers are better than
. >>> coming up, the fight over the fiscal cliff is putting american jobs at risk. one of these congressional members is lying about the problem. we'll use the newest job numbers to get to the truth next. >>> and republicans in michigan are ramming through antiunion legislation and hurting middle class americans in the process. the people of michigan are outraged. we're talking to lansing, michigan mayor virg bernero. stay tuned. we'll be right back. >>> welcome back...
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Dec 31, 2012
12/12
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the tax rates went up went over the fiscal cliff wall of the ta rates went up on every single american, we would still have a deficit twice as large as the largest bush deficit. we are spending a trillion more a year than we were five years ago. we have to resolve dhou we continue to spend this money. we can wrap around how we get this spending down no amount of taxation is going to solve the problem. >> why is it there's a reluctance to identify where the spending cuts should go? no one wants to talk about the sacred entitlements but at some point we have to. if we are spending a trillion dollars a year and if the revenues are offset by the spending recommended by the president our grandchildren will be held hostage. >> get everybody back to work. we did not pay for the cost of the war. president bush should have done that. both were declared during his administration. that cost is enormous. huge pay out to health insurance unemployment compensation and so forth because the wholly con me went to pot. of course spending would go up. having responsible legislation is so important. it st
the tax rates went up went over the fiscal cliff wall of the ta rates went up on every single american, we would still have a deficit twice as large as the largest bush deficit. we are spending a trillion more a year than we were five years ago. we have to resolve dhou we continue to spend this money. we can wrap around how we get this spending down no amount of taxation is going to solve the problem. >> why is it there's a reluctance to identify where the spending cuts should go? no one...
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Dec 21, 2012
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second of all, i think it is a good idea to go off the fiscal cliff because then the american people will understand you want all this stuff from your government, all of this interstate highway system, free medicare, social security benefits, airports, high-speed rail, you have to pay for them. then we will see just how eager people are to have this big government. third of all, concerning the debt ceiling debate, i am looking at the constitution, article 1 section 8, line 2. the congress should have power to borrow money on the credit of the united states. congressman, you and i both know that the president does not have the right as per the constitution to raise the debt limit of the united states unilaterally. when it comes to this issue of global default, if that was the case states all over the country would have defaulted. what has happened was when they were not able to raise taxes or any more money, the secretary of the treasury for each of the state's has had to make a choice. do we end up defaulting on our loans to creditors or do we have to budget our income appropriately?
second of all, i think it is a good idea to go off the fiscal cliff because then the american people will understand you want all this stuff from your government, all of this interstate highway system, free medicare, social security benefits, airports, high-speed rail, you have to pay for them. then we will see just how eager people are to have this big government. third of all, concerning the debt ceiling debate, i am looking at the constitution, article 1 section 8, line 2. the congress...
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Dec 26, 2012
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economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new emphasis on members taking a larger role in the fiscal cliff negotiations that based off the current offer may only have a smaller deal. a member of the budget committee and outspoken voice on the left side of the aisle. thanks for joining me. good morning. >> mire pleasure. >> we were saying a lack of urgency in washington to deal with the fiscal cliff and being a member of congress especially a respected member of the senate and what do you think is possible at this point on any type of a large scale deal. what do you see as the most likely scenario moving forward. >> i don't think it's a lack of urgency, but a
economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new emphasis on...
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Dec 24, 2012
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there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many. we have a "the washington post" poll that indicates 74% of americans support raising taxes on the top earners in this country. with that support there, the presidential mandate of re-election and the fact he ran on raising taxes if he was given a second term, why is there such this stalemate and trepidation in washington, d.c. to get a deal done? >> reporter: how many hours do we have? let me try it this way. there's a group of hard core tea party republicans but democrats say we won because as your poll shows most americans support the president's position on higher taxes on top earners and seemingly at
there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many....
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Nov 27, 2012
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an agreement to avoid the fiscal cliff must give economic certainty to middle of-class families. it must protect american families still struggling from this resession. it must take a balanced approach to reduce spending but must also ask the richest of the rich to pay a little bit extra. any balance agreement will require difficult concessions from both sides. mr. president, i said "both sides." clinging to the kind of ideological purity that grover norquist peddles is easy. cooperating with those you disagree with is hard. legislating is hard. as we approach the fiscal cliff, democrats are ready to make those tough choices. i hope my republican freandzs, theespecially those who claim ty put mo claim before their pledge can say the same. mr. mcconnell: mr. president? the presiding officer: the republican leader. mr. mcconnell: yesterday i came to the floor to discuss what's known as the fiscal cliff, a mix of automatic tax hikes and defense cuts that are set to hit at the end of the year jeopardizing our security as well as our economy. my message was pretty simple. a solution i
an agreement to avoid the fiscal cliff must give economic certainty to middle of-class families. it must protect american families still struggling from this resession. it must take a balanced approach to reduce spending but must also ask the richest of the rich to pay a little bit extra. any balance agreement will require difficult concessions from both sides. mr. president, i said "both sides." clinging to the kind of ideological purity that grover norquist peddles is easy....
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Dec 28, 2012
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freddie haines on the millions of americans who stand to suffer when we go over the fiscal cliff. >>> and when it comes to "django chained," i'm with sarah silverman. >> i think you can't really tell art what to do. >> dr. james peterson joins me tonight to talk about the movie spike lee is calling disrespectful. >>> welcome back. most of the focus on the fiscal cliff debate has been on the issue of tax increases for the wealthiest americans. but the matter of -- the fact of the matter is unemployed americans will be the ones hardest hit come january 1st if congress fails to act. the great senator bernie sanders of vermont is calling for action. >> we must not fail the unemployed workers of this country now. if congress does not act, it will mean that some 2 million people and their families will really be at a loss as to how to survive economically. >> if an unemployment extension is not included in the fiscal cliff deal, 2.1 million americans will face an immediate loss in federal unemployment insurance. it will result in a cut of $284 a week for the average beneficiary. and that's
freddie haines on the millions of americans who stand to suffer when we go over the fiscal cliff. >>> and when it comes to "django chained," i'm with sarah silverman. >> i think you can't really tell art what to do. >> dr. james peterson joins me tonight to talk about the movie spike lee is calling disrespectful. >>> welcome back. most of the focus on the fiscal cliff debate has been on the issue of tax increases for the wealthiest americans. but the...
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Nov 7, 2012
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cliff by refusing to provide tax relief to 98% of the american people in unless they get another round of bonus tax breaks for very high income individuals, people like mitt romney? and i think their position is absolutely unsustainable. because the american people are not going to stand for a party that says, nobody gets tax relief unless very high income earners gt another round of tax relief and the president has been absolutely clear. the one thing that everybody agreed was on this was a choices in ths. you can be sure if republicans won they would be arguing that the president was very clear on this point. you have to take a balanced approach to reducing the long-term deficit. frankly, the same approach that bipartisan commissions st democ bipartisanssman, thank you so much for your time. we greatly appreciate you coming on. >> thank you. >> so often to discuss the events leading up to the election and of course the big day after. thank you. we'll talk with you soon. >>> landmark laws pass in two states, yes, one, two. they're being called a major blow to the war ondrugs. the huff
cliff by refusing to provide tax relief to 98% of the american people in unless they get another round of bonus tax breaks for very high income individuals, people like mitt romney? and i think their position is absolutely unsustainable. because the american people are not going to stand for a party that says, nobody gets tax relief unless very high income earners gt another round of tax relief and the president has been absolutely clear. the one thing that everybody agreed was on this was a...
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who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind of posturing this week. we're still 30 days out or so. they don't really have to cut a deal yet. they have to look like they're fighting for what they want to fight for, yet please the constituents. they're probably going to put that off for a couple weeks. >> it's the other way around. washington should be paying attention to the consumer and realize how much is the stake here. when you look at the consumer confidence levels able to hold up. when you look at the retail sales numbers pensimentioned by and the idea we've stabilized when it comes to capital spending,
who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind...
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freddie haines on the millions of americans who stand to suffer when we go over the fiscal cliff. >>> and when it comes to "django chained," i'm with sarah silverman. >> i think you can't really tell art what to do. >> dr. james peterson joins me tonight to talk about the movie spike lee is calling disrespectful. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. like gas station sushi. or super cheap car insurance. and then there are good decisions. like esurance. their coverage counselor helps you choose the right coverage for you at a great price. [ stomach growls ] esurance. now backed by allstate. click or call. >>> welcome back. most of the focus on the fiscal cliff debate has been on the issue of tax increases for the wealthiest americans. but the matter of -- the fact of the matter is unemployed americans will be the ones hardest hit come january 1st if congress fails to act. the gr
freddie haines on the millions of americans who stand to suffer when we go over the fiscal cliff. >>> and when it comes to "django chained," i'm with sarah silverman. >> i think you can't really tell art what to do. >> dr. james peterson joins me tonight to talk about the movie spike lee is calling disrespectful. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy...